Question

31. A, B and C are partners of a firm have distributed profit of the firm of Rs.1,89,000 in equal

proportion instead of distributing it in 1:2:4 proportion. To rectify this mistake what treatment will be

given to the capital account?​

Answer 1

Answer:

63000 will be debited from A B and C capital account

after that A capital account will be credited by 27000 B capital account will be credited by 54000 C capital account will be credited by 108000

Explanation:

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